UK Votes to Leave the European Union: Will it affect your holiday or travel?
UK Leaves EU: The Facts
The UK has voted to leave the European Union which may come as a shock to many. The reality is that no changes will happen overnight. The Brexit process (or the divorce from the EU) will take as long as 2 years to agree. The Prime Minister, David Cameron will likely active Article 50 of The 2009 Lisbon Treaty within the next 2 weeks which will begin the process of leaving.
George Osborne has suggested there may be an emergency budget following the leave vote but this has yet to be determined.
UK Votes to Leave the EU: Will it affect YOUR Holiday?
Despite any exit from the European Union taking 2 years or more to really happen, the biggest affect we will see in the short term is currency fluctuation and market uncertainty.
This means that the prices of travel and holidays could be affected in the future as we don’t know what the effect of currency chances will have on the price of holidays, hotels, fuel etc. Prices for the coming 6-12 months have probably already been fixed and guaranteed with tour operators, holiday companies, hotelier and such like, therefore NOW is a great time to book your holiday.
We may see some prices rises in the future as things settle down, but we also may not because of the important aspect our tourism has on the world economy.
“The UK public love their holidays. Long term effects are unclear yet so now is the perfect time to book a holiday to ensure you get the best deal, beat any price rises and escape to the sun”. Steve Witt, Managing Director of Not Just Travel and The Travel Franchise
Will there be any long term affects for holidays?
Even the best economists seem unable to answer questions about what will happen next. However what we do know is that the Great British public love their holidays!
In terms of going on holiday, no one else really does it like the Brits. We are one of the biggest nations in the world for going on holiday and that means that we are important for the travel industry worldwide.
Our travel and tourism industry demands the respect of every country no matter the outcome of Brexit. The amount of money Brit’s spend abroad is considerable so whether we are part of Europe or not, countries such as Greece, Turkey, Cyprus, Spain and many other top holiday destinations need our business.
UK Votes Leave: Our Recommendation
Book your holiday now. Beat any possibly prices rises and fix your holiday prices. Vote to to have your next holiday as soon as possible!